PSX · PHARMACEUTICALS · 30 Min
HPL Ascending Triangle breakout
Hoechst Pakistan Limited · 13 Nov 2026 · 10:00 PKT
▲ Bullish Breakout Pattern breakout With the trend
Closed at 4,078.00 on the breakout. Target 4,089.37, invalidation 3,981.30.
Trade plan
● Active- Close
- 4,078.00
- ▲ 1.70%
- Target
- 4,089.37
- +0.3%
- Invalidation
- 3,981.30
- -2.4%
RiskReward
- Reward : risk
- 0.1 : 1
- ATR
- 24.09
- Price now
- 4,078.00 0.0%
Outcome measured on the 30 min bars after the signal: target or invalidation, whichever is touched first; a bar touching both counts as invalidated.
- Target
- Invalidation
- Pattern lines
- Fair value gap (bull / bear)
- Order block
- Strong / weak high and low
- BOS · CHoCHstructure breaks
SMC Structure · Order Blocks · FVG · Pattern Detector 30 Min candles · click to enlarge
The breakdown
HPL broke above its ascending triangle on the 30-minute close at 4,078.00.
Projected target 4,089.37 (+0.3%). The pattern is invalidated beyond 3,981.30 (-2.4%), a reward-to-risk of about 0.1 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bullish external, bearish internal (strong low 3,602.00). Nearest supply OB 4,512.91 - 4,650.00.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 4,078.00.
- 2 The target, 4,089.37 (+0.3%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 3,981.30 (-2.4%), cancels the setup.
- 4 Reward : risk is 0.1 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: with the trend.
Pattern guide
About the ascending triangle
An ascending triangle is rising support meeting flat resistance; a close above resistance usually continues the rise, a close below support signals weakness.
- Confirmation
- A candle close outside the triangle.
- Target
- The triangle's widest height, projected from the breakout.
- Fails if
- A close back inside the triangle soon after the break.